Reinsurance News
Reinsurance broking news
Reinsurance broker news, analysis and insight, covering reinsurance broker market trends and opportunities.
Reinsurance brokers have a core role to play in the market, so we frequently cover news related to their activities and also interview senior reinsurance broking executives as well.
Aon, WTW merger to be a positive catalyst: CEO Greg Case
29th April 2020
Greg Case, the Chief Executive Officer of leading re/insurance broker Aon, believes his company’s forthcoming combination with Willis Towers Watson will be a positive catalyst enabling accelerated innovation on behalf of clients. In an official statement to colleagues earlier this week, Case noted how the all-stock combination requires no financing ... Read the full article
Lockton targets continued growth with new leadership structure
29th April 2020
Re/insurance brokerage Lockton has announced a new leadership structure designed to support the company's planned growth ambitions, including the appointment of Hiram Marrero as President, Global Growth Officer. Marrero currently serves as Executive Vice President and Regional Executive Officer at Lockton, and in his new role as President, Global Growth Officer, ... Read the full article
Brown & Brown Q1 organic revenue up 5.6%
28th April 2020
Insurance brokerage Brown & Brown, Inc. has reported a 5.6% growth in organic revenue during the first quarter of 2020, while also outlining measures to prepare for the impact of the COVID-19 pandemic. The company expects to borrow $250 million on its existing revolving line of credit to use for additional ... Read the full article
Marsh expands renewable energy capabilities with key hires
28th April 2020
Global insurance broker Marsh has announced a series of key leadership appointments within Marsh JLT Specialty's Renewable Energy team. Oliver Holme joins as UK and US Offshore Wind Leader, a newly-created role, and reports to Hamish Roberts, Power Leader and Amy Barnes, Energy & Power Leader, US and Canada. Holme most recently ... Read the full article
Aon execs agree to 50% pay cut amid COVID-19, CEO reacts
27th April 2020
Global re/insurance brokerage Aon has announced a series of salary reductions agreed to by its named executive officers, in response to the ongoing coronavirus pandemic. Each of the Company’s NEOs, Gregory Case, Chief Executive Officer, Christa Davies, Chief Financial Officer, Eric Andersen, President, and John Bruno, Chief Operating Officer, as well ... Read the full article
Pre-coronavirus reinsurance capital up 15%: Willis Re
27th April 2020
Strong investment market performance saw total capital dedicated to the global reinsurance industry hit $605 billion in 2019, a 15% year-on-year growth. According to a new report by Willis Re, year-to-date 2020 will have seen much of this expansion unwind due to the steep sell-off in equity and corporate bond markets ... Read the full article
Global reinsurer capital up 7% in 2019: Aon
24th April 2020
Global reinsurer capital rose by 7% to $625 billion in 2019, according to Aon’s Reinsurance Aggregate (ARA) report, which tracked the financial performance of 23 leading reinsurance carriers over the year. The ARA underwrites roughly half of all global non-life reinsurance premiums and a large majority of life premiums. The report’s calculation ... Read the full article
Brokerslink adds Republic of Congo broker Gramon
24th April 2020
Independent broker network Brokerslink has expanded its international network with the addition of Gramon, a brokerage based in Congo Brazzaville (The Republic of the Congo). Established in 2012, the insurance and reinsurance broker currently has three offices in the Republic of Congo with plans to open a fourth in Kinshasa, Democratic ... Read the full article
WTW announces leadership changes in Singapore & South Asia
23rd April 2020
Global re/insurance brokerage Willis Towers Watson (WTW) has appointed Leng Leng Ng as Country Leader for Singapore as Vivek Nath transitions to lead the company's Corporate Risk and Broking (CRB) operation in South and Southeast Asia. Ng takes on the responsibilities in addition to her role as Head of CRB in ... Read the full article
Covid-19 claims manageable, but reinsurers face formidable challenges: Willis Re
23rd April 2020
Willis Re, the reinsurance broking arm of Willis Towers Watson (WTW), has said that while reinsurance claims from the global COVID-19 pandemic are likely to be manageable, the industry is facing some formidable challenges. In a recently published COVID-19 Impact report, reinsurance broker Willis Re says that so far, reinsurers have ... Read the full article
Willis Towers Watson names Cyrille de Montgolfier as Head of France
23rd April 2020
Re/insurance broker Willis Towers Watson has announced the appointment of Cyrille de Montgolfier as the new leader of its French business, Gras Savoye Willis Towers Watson. De Montgolfier takes up the position of Head of France on 27 April and will be based in Paris. He has over three decades of insurance ... Read the full article
AFL hires Pilar Villanueva as Head of LatAm desk
22nd April 2020
Independent Lloyd’s broker AFL Insurance Brokers Ltd (AFL) has announced the appointment of Pilar Villanueva as Head of LatAm desk. Based in London, she will work with AFL’s product line experts to ensure international capabilities are delivered to the region as AFL continues to build out its expertise in Latin America. Villanueva ... Read the full article
TigerRisk eyes accelerated growth with strategic investment from Flexpoint Ford
22nd April 2020
Insurance and reinsurance brokerage TigerRisk Partners, LLC has secured a strategic investment from private equity firm Flexpoint Ford LLC, enabling the company to accelerate its current growth trajectory through access to additional capital and expertise. Flexpoint Ford is a private equity firm that specialises in the financial services and healthcare sectors, ... Read the full article
Aon secures Lloyd’s accreditation for reinsurer trading portal
22nd April 2020
Global re/insurance broker Aon has received accreditation from Lloyd’s for its reinsurer trading portal, ABConnect Placements. The Lloyd’s Franchise Board provided ‘conditional recognition’ of the platform following the recent deployment of Aon’s binding function, so valid contracts can be written as ePlacements. Gaining approval from Lloyd’s as part of the electronic placing ... Read the full article
Reinsurers grow premiums & profits in 2019 but underwriting dips: Aon
21st April 2020
Analysis in Aon's Reinsurance Aggregate (ARA) report, which tracks the financial performance of 23 leading reinsurance carriers through 2019, reveals an increase in premiums and pre-tax profit when compared with the prior year. The ARA underwrites roughly half of all global non-life reinsurance premiums and a large majority of life premiums. Insurance ... Read the full article